The Struggle to Keep Afloat at The Washington Post

Brett Pulley and Nikolaj Gammeltoft report on the Washington Post:

https://i2.wp.com/mariovittone.com/wp-content/uploads/2010/05/drowning.jpg

Investor bets against the stock of the Washington Post Co. (WPO) have more than tripled over the past year, as the government investigated the for-profit education business and the company’s earnings dropped.

The Washington-based company, which owns the Washington Post newspaper and Kaplan education business, had short interest in its stock rise to 866,903 shares at the end of April, compared with 223,164 a year earlier, according data compiled by U.S. exchanges and Bloomberg. The figure is the highest since at least September 1991, the earliest data Bloomberg has.

Continue reading:

http://preview.bloomberg.com/news/2011-05-13/washington-post-shorts-triple-as-pulitzer-prize-paper-loses-kaplan-bulwark.html?cmpid=yhoo

Advertisements

Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s